2016 Poverty Guidelines Published
On January 25, the Department of Health and Human Services (HHS) published the 2016 poverty guidelines in the Federal Register (81 FR 4036) for the 48 contiguous states, the District of Columbia, Alaska and Hawaii. These figures are used by HUD to determine the Extremely Low-Income (ELI) limits which are mainly used by the Housing Choice Voucher Program. Despite the fact the poverty guidelines play no role in the Housing Credit or Bond (MTSP) income limit figures, HUD waits and releases both the HUD and MTSP limits at the same time. Now that these figures are released, it is expected the 2016 Income Limits will be published sometime between mid-February and mid-March. As always, I will notify you as soon as they are published.